https://www.taxtmi.com/caselaws?id=53865 The Tribunal upheld the impugned order, dismissing the appeals and cross-objections due to the lack of mutuality of interest between the parties as required under the Central Excise Act, 1944. The case involved determining the assessable value of goods based on the relationship between the parties, with the Tribunal finding no evidence of related party transactions or financial flow back from the buyer to the manufacturers. The Department's proposed recovery of duty and penalties was rejected based on the absence of direct or indirect interest in each other's business, as established by relevant Supreme Court decisions. en-us Mon, 07 Feb 2005 00:00:00 +0530 Fri, 15 Oct 2010 16:13:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53865 The Tribunal upheld the impugned order, dismissing the appeals and cross-objections due to the lack of mutuality of interest between the parties as required under the Central Excise Act, 1944. The case involved determining the assessable value of goods based on the relationship between the parties, with the Tribunal finding no evidence of related party transactions or financial flow back from the buyer to the manufacturers. The Department's proposed recovery of duty and penalties was rejected based on the absence of direct or indirect interest in each other's business, as established by relevant Supreme Court decisions. Case-Laws Central Excise Mon, 07 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53865